Thomson Reuters (NASDAQ:TRI) Given New $130.50 Price Target at Canaccord Genuity Group

Thomson Reuters (NASDAQ:TRI) had its price objective upped by Canaccord Genuity Group from $129.50 to $130.50 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group‘s price objective points to a potential upside of 10.56% from the stock’s previous close.

Several other equities research analysts have also commented on TRI. Scotiabank reissued a “sector outperform” rating and set a $135.00 price target on shares of Thomson Reuters in a research note on Thursday, August 6th. Weiss Ratings raised Thomson Reuters from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 15th. Royal Bank Of Canada boosted their target price on Thomson Reuters from $124.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. Scotia lowered their target price on Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 6th. Finally, Morgan Stanley set a $110.00 price target on Thomson Reuters and gave the company an “equal weight” rating in a research report on Tuesday, October 13th. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.06.

Thomson Reuters Price Performance

Shares of TRI traded up $7.86 during trading hours on Wednesday, reaching $118.03. The company had a trading volume of 1,123,389 shares, compared to its average volume of 2,145,972. The firm has a 50 day simple moving average of $105.18 and a 200-day simple moving average of $97.23. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $51.15 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 2.35 and a beta of 0.69. Thomson Reuters has a 12-month low of $76.28 and a 12-month high of $149.71.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.08). Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Research analysts expect that Thomson Reuters will post 4.46 earnings per share for the current year.

Hedge Funds Weigh In On Thomson Reuters

Institutional investors have recently made changes to their positions in the stock. Continuum Advisory LLC purchased a new stake in Thomson Reuters during the 2nd quarter worth about $45,000. Western Wealth Management LLC purchased a new position in Thomson Reuters in the 1st quarter valued at about $48,000. GK Wealth Management LLC acquired a new stake in shares of Thomson Reuters during the 3rd quarter worth about $53,000. Westside Investment Management Inc. boosted its stake in shares of Thomson Reuters by 80.7% during the 3rd quarter. Westside Investment Management Inc. now owns 600 shares of the company’s stock worth $59,000 after purchasing an additional 268 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Thomson Reuters by 66.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 786 shares of the company’s stock worth $64,000 after purchasing an additional 315 shares during the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Key Thomson Reuters News

Here are the key news stories impacting Thomson Reuters this week:

• Positive Sentiment: Third-quarter organic revenue increased 10%, including 10% growth across the Legal Professionals, Corporates, and Tax, Audit & Accounting segments. The company also cited encouraging customer engagement with newer CoCounsel products. Thomson Reuters Reports Third-Quarter 2026 Results
• Positive Sentiment: Generative AI products reached 34% of annualized contract value, a sign of growing uptake that could support longer-term growth. Thomson Reuters: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Thomson Reuters updated its 2026 company outlook to exclude the Global Print business, which it sold a 51% stake in for about $500 million. It now expects roughly 9.5% total revenue growth, 8.5%–9.0% organic revenue growth, and an adjusted EBITDA margin of about 39%; guidance for its “Big 3” segments was unchanged. Thomson Reuters Reports Third-Quarter 2026 Results
• Neutral Sentiment: The company declared a quarterly dividend of $0.655 per share, payable December 10 to shareholders of record November 18. Quarterly Dividend Announcement
• Negative Sentiment: Adjusted earnings were $0.81 per share, below the $0.89 analyst consensus. Although revenue was about $1.8 billion and organic growth was strong, reports said revenue also disappointed expectations. Higher software amortization and margin pressure weighed on profitability, while weak cash flow added to investor concerns. TRI Q3 Earnings & Revenues Miss Estimates

About Thomson Reuters

Thomson Reuters is a global provider of information, software and technology solutions for professionals and institutions. The company serves customers in the legal, tax, accounting, audit, corporate, government, risk and compliance sectors, as well as the media industry. Its offerings combine authoritative content with workflow tools, data analytics and artificial intelligence.

Key products and services include Westlaw and Practical Law for legal research and practice management; Checkpoint and ONESOURCE for tax and accounting professionals; Confirmation for audit-related workflows; and CoCounsel, an AI-assisted legal technology platform.